South Korea - Business Enterprise Expenditure on R&D Performed in the Aerospace Industry
Since 2014, South Korea Business Enterprise Expenditure on R&D Performed in the Aerospace Industry increased 23.7% year on year. With $250,763,110.2 Million PPP in 2019, the country was number 9 comparing other countries in Business Enterprise Expenditure on R&D Performed in the Aerospace Industry. South Korea is overtaken by Spain, which was ranked number 8 at $685,739,611.08 Million PPP and is followed by Poland with $124,774,551.52 Million PPP. United States lead the ranking with $27,176,603,073.86 Million PPP in 2019, +1% compared to 2018. France, United Kingdom and Germany respectively ranked number 2, 3 and 4 in this ranking. South Korea witnessed the best average annual growth at +23.7% per year, while Iceland recorded the worst performance at -100% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 250,763,110.20 |
| 2018 | 243,803,607.63 |
| 2017 | 236,702,074.38 |
| 2016 | 229,455,611.89 |
| 2015 | 275,118,330.96 |
How does South Korea rank in Business Enterprise Expenditure on R&D Performed in the Aerospace Industry?
| # | 17 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
27,176,603,073.86 | 2019 | +0.9 % | +0.8 % | View data | |
| 2 |
#2
France
|
3,578,650,510.73 | 2019 | +0.6 % | -2.0 % | View data | |
| 8 |
#8
Spain
|
685,739,611.08 | 2019 | +2.5 % | +5.5 % | View data | |
| 9 |
#9
South Korea
|
250,763,110.20 | 2019 | +2.9 % | +23.7 % | View data | |
| 10 |
#10
Poland
|
124,774,551.52 | 2019 | +4.4 % | +6.2 % | View data | |